Artesia Rural Water Coop Inc
- Assets
- $1.4m
- Revenue
- $622.7k
- Investments
- $0.0
- Employees
- 5
- Location
- Artesia, NM
- Founding
- 04/1999
- Data as of
- 12/2022
- EIN
- 85-0233141
Organization Overview
Artesia Rural Water Coop Inc is located in Artesia, NM. The organization was established in 1999. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. As of 12/2022, Artesia Rural Water Coop Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Artesia Rural Water Coop Inc is a 501(c)(12) and as such, is described as a "Benevolent Life Insurance Association, Mutual Ditch or Irrigation Company, Mutual or Cooperative Telephone Company" by the IRS.
For the year ending 12/2022, Artesia Rural Water Coop Inc generated $622.7k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $633.4k during the year ending 12/2022. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE WATER SERVICES TO RURAL CUSTOMERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDING WATER SERVICES TO RURAL CUSTOMERS
PROVIDING WATER SERVICES TO RURAL CUSTOMERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Demerritt President | OfficerTrustee | $0 | |
Candice Rogers Vice Preside | OfficerTrustee | 40 | $80,927 |
Frank Spindler Secretary/tr | OfficerTrustee | $0 | |
Christopher Mauldin Director | Trustee | $0 | |
Georgie Johnson Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $635,354 |
| Investment income | $7,733 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$20,405 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $622,682 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $313,155 |
| Pension plan accruals and contributions | $9,311 |
| Other employee benefits | $0 |
| Payroll taxes | $24,685 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $5,096 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $29 |
| Office expenses | $8,433 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $53,780 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $544 |
| Conferences, conventions, and meetings | $1,456 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,181 |
| Insurance | $83,541 |
| All other expenses | $19,550 |
| Total functional expenses | $633,393 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,320 |
| Savings and temporary cash investments | $590,708 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $33,780 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,939 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $740,994 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,416,741 |
| Accounts payable and accrued expenses | $16,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $681 |
| Total liabilities | $17,234 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $143,391 |
| Retained earnings, endowment, accumulated income, or other funds | $1,256,116 |
| Total liabilities and net assets/fund balances | $1,416,741 |